Professional Coin Grading Service

1934-D $1 MS65

Owner's Comments

Expert Comments

Q. David Bowers: The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993).

Numismatic Information

Commentary: The 1934-D seems to be a Peace dollar that has been forgotten or overlooked. Despite a generous mintage, few documented hoards have come on the market, and I am not aware of any surviving mint-sealed bags. Presumably, the mintage dribbled into the channels of commerce over a long period of time. Numismatists paid little attention to them.

In 1982, Wayne Miller wrote this: "All of the available evidence suggests that the 1934-D is the only Peace dollar which was never released in bag quantities during the silver dollar rush of the early 1960s or from the Redfield Hoard." (This implies that all other Peace dollars were released in bag quantities in 1962-4, but I doubt this; for starters, I have never heard of a bag of 1921 Peace dollars.)

Circulated grades: In VF-20 to AU-58 the 1934-D Peace dollar is neither fish nor fowl; it is neither common nor scarce, but is somewhere in between.

Mint State grades: Uncirculated coins are readily available but are somewhat unappreciated in comparison to certain other issues in the series. Most coins are in lower grades from MS-60 through 63 or even 64. MS-65 pieces are surprisingly rare, considering the late date position of the issue in the series.

Occasionally, a roll of 20 pieces will turn up. Some pieces are extensively bagmarked, especially on the face and cheek of-Miss Liberty. Sometimes, coins will be marked there but have virtually flawless fields, leading to the thought that some of the face and cheek marks may have been on the original planchet before striking.

The strike of the typical 1934-D Peace dollar is usually satisfactory, and most coins have attractive satiny lustre.

Hub combination III-B2. Doubling plainest on IN GOD WE TRUST, particularly the D and W. Bill Fivaz considers the variety to be very rare. (Letter to the author, September 10, 1992.) (On the reverse the D mintmark was completely filled in and appeared as a blob on a specimen offered in the Bowers and Merena auction of the Robert W. Miller, Sr. Collection, November 1992.)

3. Large D: Breen-5737. Hub combination III-B2.VAM-2, called "medium D" by Van Allen and Mallis. Mintmark heavy, as on the quarter dollar. Plentiful.